A N N U A L R E P O R T 2 0 2 1

2020-2021

Room revenue grew by 37% to £4.9 million

Food & beverage and ancillary revenue were up 48%

1SAFESTAY PLCREPORT & FINANCIAL STATEMENTS 2021

Establishing Safestay as Europe's leading premium hostel network.

The Group has a unique network in Europe which provides the opportunity to offer young travellers and groups visiting Europe, accommodation in multiple cities in one packaged deal. In addition, it provides Safestay with a natural hedge against currency and economic volatility.

2

Our Locations

4

A Year Where Digital Came Into Its Own

5

Chairman's Statement

9

Officers and Professional Advisers

10

Strategic Report

15

Directors' Report

24

Directors' Remuneration Report

26

Corporate Governance

28

Independent Auditor's Report to the Members of Safestay plc

34

Consolidated Income Statement

35

Consolidated Statement of Comprehensive Income

36

Consolidated Statement of Financial Position

37

Consolidated Statement of Changes in Equity

38

Consolidated Statement of Cash Flows

39

Notes to the Consolidated Financial Statements

73

Company Statement of Financial Position

74

Company Statement of Changes in Equity

75

Company Statement of Cash Flows

76

Notes to the Company Financial Statements

2

SAFESTAY PLC

REPORT & FINANCIAL STATEMENTS 2021

2020-2021

UK

Glasgow

York

London Kensington Holland Park

London Elephant and Castle

BELGIUM

Brussels

PORTUGAL

Lisbon

SPAIN

Barcelona Passeig de Gràcia

Barcelona Gothic

Madrid

3

SAFESTAY PLC

REPORT & FINANCIAL STATEMENTS 2021

16locationsacross the vibrant, tourist cities of Europe.

GERMANY CZECH

POLAND

Warsaw

BerlinREPUBLIC

Prague

SLOVAKIA

Bratislava

AUSTRIA

Vienna

ITALY

Pisa

GREECE

Athens

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Safestay plc published this content on 25 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2022 12:47:02 UTC.